Suburb Profile Report for Kardinya WA (6163)

Kardinya House: Median price $605,650, Annual capital growth 1.62%, Number of sales 107, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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If you compare the increase in value of investment property in Kardinya, 6163 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this WA suburb was 0.11%.

Taking the average capital gain, or increase in median house value, Kardinya,6163 has racked up an average of 0.11% over the period. This ranks it number 3456th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kardinya, 6163. Typically our figures indicate that -7.51% is being offered, which puts this WA suburb at 1166th most discounted overall in Australia.

Situated 13.26km from the CBD, Kardinya is one of Melville (C) localities in the postcode 6163.

Information supplied by:


December 2017

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Students find more room

Postcode: 6163

Median house price: $635,000

Stock on market: 35.0%

12-month growth: -1.2%

Kardinya, 7km from the Perth CBD, is popular with students, thanks to the nearby Murdoch University campus. It also has excellent public transport links to the city, a newly built hospital, and is loved by families for its leafy parks and proximity to the beach. 

Historically a tightly-held suburb, stock has flooded onto the market in the past twelve months up 35%, with 100 houses listed this year, compared to 71 last year. 

The median house price is currently $635,000 – down 1.2% since this time last year, although homes have clawed back by 0.8% in the past three months. Unit prices are down 1.5% for the quarter, with a median of $388,000. Despite the slight downturn, Kardinya has fare much better than many other suburbs in WA, which have seen prices drop by 20% or more over the past year. 

Houses rent for an average of $400 per week, giving landlords a yield of 3.3%, while the median rent for units is $320 per week, yielding 4.3%.

Metrics i HOUSE UNIT
$605,650 N/A
-2.31% N/A
0.11% N/A
1.62% N/A
$420 N/A
107 N/A
3.61% N/A
71.0487804878049 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 8793
Median household income ($/weekly) 1474
Median age of persons 39
Median housing loan repayment ($/monthly) 1960
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 952 10.8
    25-34 years 1047 11.9
    35-44 years 1057 12.0
    45-54 years 1443 16.4
    55-64 years 1167 13.3
    Others 3128 35.6
    Age Group
    Census Count Percent(%)
    Registered Married 3630 52.0
    Not Married 2872 41.1
    Defacto Relationship 479 6.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 5368 63.1
    Japan 212 2.5
    Malta 255 3.0
    United Kingdom 656 7.7
    Other 499 5.9
    Others 1515 17.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 262 3.2
    Christianity 5743 69.8
    Hinduism 137 1.7
    Islam 121 1.5
    No Religion 1898 23.1
    Others 62 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 252 8.9
    $600-$799 229 8.1
    $1,500-$1,999 325 11.4
    $2,000-$2,499 294 10.4
    $2,500-$2,999 326 11.5
    Others 1414 49.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2810 38.9
    Not in the labour force 2285 31.7
    Employed, worked part-time 1605 22.2
    Employed, away from work 291 4.0
    Unemployed, looking for work 228 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 590 12.5
    Professionals 1050 22.3
    Technicians & trades workers 650 13.8
    Clerical & administrative workers 763 16.2
    Sales 535 11.4
    Others 1121 23.8
    Occupation
    Census Count Percent(%)
    Pre-school 125 5.4
    Infants/Primary 585 25.2
    Secondary 592 25.5
    Technical or Further Educational Institution 193 8.3
    University or other Tertiary Institutions 758 32.7
    Others 65 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7578 89.6
    Semi-detached, row or terrace house, townhouse 712 8.4
    Flat, unit or apartment 170 2.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1410 44.6
    Being purchased 1117 35.3
    Rented 620 19.6
    Other tenure type 13 0.4
    Tenure Type
Census 2011, ABS
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